LeGrand (OTCMKTS:LGRDY) Issues Earnings Results

Key Points

• LeGrand reported an earnings per share (EPS) of $0.26 for the quarter, missing the consensus estimate of $0.30 by $0.04.
• The company's revenue of $2.87 billion surpassed expectations, indicating strong performance relative to estimates.
• LeGrand announced a dividend payout of $0.3264, which gives a dividend yield of 134.0% despite the company having recently cut dividends.

LeGrand (OTCMKTS:LGRDY - Get Free Report) announced its earnings results on Thursday. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04), Zacks reports. LeGrand had a return on equity of 16.31% and a net margin of 17.13%. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.37 billion.

LeGrand Stock Down 0.8%

Shares of OTCMKTS:LGRDY traded down $0.25 during midday trading on Tuesday, hitting $29.77. 38,680 shares of the company's stock were exchanged, compared to its average volume of 153,660. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.94 and a quick ratio of 1.45. The stock has a 50 day moving average price of $26.48 and a 200-day moving average price of $23.50. The company has a market cap of $39.30 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 5.03 and a beta of 0.84. LeGrand has a 12 month low of $18.85 and a 12 month high of $30.27.

LeGrand Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 17th. Stockholders of record on Thursday, May 29th were given a dividend of $0.3264 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a dividend yield of 134.0%. LeGrand's payout ratio is presently 31.96%.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of LeGrand in a research note on Tuesday, July 1st.

LeGrand Company Profile

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.